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Are you struggling to find out how to create your own products? If so, I have great news, there are many ways you can easily go about starting your own p

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

roduct. Here are a few simple ways to create your own product:

1. E-books

You can either write it yourself or if you have enough money, you can hire g

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

ostwriters. If you’re too lazy to write it yourself or don’t have enough money to hire someone, you can interview a few experts in your specific topic.

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

et some experts in your field ask them questions and concerns you see a lot of people have. Compile their expert advice in your e-book and presto! Your

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

first e-book is made! Or even better, if you find a few articles that you find very useful, get the author’s permission to compile it into your e-book.

2

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

Audios with mp3 downloads or CDs

Same thing here, you can interview a few experts and record your conversation with them. Or if you want, you can read

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

your own e-book and record it in an mp3 file.

You can also have a teleseminar and have a conversation with your expert friends on your topic, record it a

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

nd you instantly have an audio product. This doesn’t have to be professional or produced in a studio, as long as the information is valuable.

And after

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

hat, you can also have your conversation transcribed and have another e-book.

3. Affiliate programs

With this one, you don’t even need to make your own

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

product. Someone else has already created the product, all you have to do is to market the product and sell it and you get a percentage of the commission

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

The best part of affiliate programs is that a lot of them are free to join! There are some that require you to buy their product first, but it’s your c

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

hoice.

4. Resale rights

With this method, you already have a product already made for you, kind of like affiliate programs. But with resale rights, yo

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

need to put up money up front in order to legally gain the rights to re-sell the product.

The good thing is that you get to keep 100% of the commission

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

or each unit you sell for as long as the agreement allows. Let’s say you purchase the resale rights from a hot selling product for $600 and decide to sel

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

l each copy for $200.

All you need to do is sell 3 copies and you break even. But if you sell 10 more, you’ll gain $2000 in profit!

5. Coaching If yo

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

are really good at something or excel at it, this may be a great way for you. Coaching has high perceived value and you can dramatically make a differen

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

e in your income and your client’s life by giving them great information and steps on how to apply it.

You can physically visit your clients (depending o

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

n your service), or if physically being there is too much of a hassle for you, there are alternative ways.

For example, if physically being there isn’t a

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

solutely necessary, you can set conduct your coaching program over the phone, email messages, or live videos over the internet.

If you haven’t started ma

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

ing money online because you didn’t have a product available, use some of the simple ideas I presented and get started. You no longer have a valid excuse

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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One of the key challenges for any business is to remain focused and invest resources for maximum pay-off. It's said that 80% of a business's activity accounts for only 20% of total profits. In plain language, most of the work we do is unfocused, poorly designed and ineffective. In today's competitive world, no business, whether it's an individual professional or a large manufacturing operation, can survive with that much lost time and wasted effort. A business plan can help, but most small business owners (and some managers/supervisors) hate doing them! In the spirit that any map is better than no map, here are my top ten keys to creating your own map to success:

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